London Stock Exchange (LSE)

The IPO raised GBP157.5 million for the company’s owners, making it one of London’s largest this year.

Unlike the Singapore Exchange, Bursa Malaysia’s IPO market is thriving; it is on track to meet its goal of 42 new listings this year.

Barclays and UBS have been picked as bookrunners for Shein’s IPO, according to sources.

The UK could allow easier market access for specialist trading houses that don’t hold retail deposits, according to the head of the Financial Conduct Authority in pre-released remarks.

Online fashion retailer Shein is preparing to start early, informal meetings with investors to gauge interest ahead of a potential initial public offering in London.

Chew notes that although the STI was on course to make a 17-year high with significant stock market volumes, there has been nostalgia over the bull markets of the 90s and the lead-up to 2007’s peak.

London has been battling with a dearth of IPOs in the past couple of years, combined with a string of departures to New York.

Just eight companies have raised US$774 million ($1 billion) via UK IPOs in the year to date

Last year, the UK generated more profits for the company than Hong Kong and mainland China combined.

“We do not believe the status quo is an option,” the UK’s Financial Conduct Authority said in a policy statement.